In a bid to meet the memory supply crisis head on, SK Hynix announces it will invest nearly $13 billion into fresh AI packaging facility

SK Hynix has announced this week it will invest 19 trillion won (or $12.90 billion) into a new advanced chip packaging facility in Cheongju, South Korea—and it isn't the only company making multi-billion dollar moves to meet the demands of the raging memory supply crisis.

SK Hynix is one of Nvidia's leading suppliers of high-bandwidth memory (HBM) for its AI accelerators. The planned chip packaging facility is set to begin construction this April, but won't be able to address demand until...